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Redundancy Pay - Age


The amount of redundancy pay is calculated as:

  • Half a week’s pay for each full year of service where age during year less than 22

  • One week’s pay for each full year of service where age during year is 22 or above, but less than 41.
  • One and a half weeks’ pay for each full year of service where age during year is 41+

Redundancy Payments Offices - A helpline is available to answer any of your queries, no matter where in England, Scotland or Wales your firm is based. The number to ring is 0845 145 0004.

To help you work out your statutory payment, you can use the Ready Reckoner for calculating the number of weeks' pay due. Don't forget, the week's pay is subject to a maximum of £450.00 as of February 01st 2013.

Redundancy Pay

 


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